Hesai Q1 Revenue Rises 30% as Mercedes L3 Program Advances
Hesai Technology’s Q1 2026 revenue was RMB 680 million, with significant LiDAR growth and partnerships.
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Hesai Technology’s Q1 2026 revenue was RMB 680 million, with significant LiDAR growth and partnerships.
The automotive LiDAR market surpassed $1 billion in 2025, with Hesai Technology leading shipments and expanding production capacity significantly.
Hesai Technology reported significant financial growth in 2025, achieving profitability and increasing lidar shipments to 1.6 million units.
Hesai has now secured over 160 production nominations from more than 40 automakers, covering all of China’s top ten brands by sales.
Through this partnership, Hesai’s sensors will support autonomous vehicles, high-definition mapping, and robotics applications across the region
Hesai has doubled annual deliveries for five straight years, with 2025 shipments exceeding 1.6 million units.
The revamped ATX, with over 4 million units in orders, is set to begin volume production deliveries in April 2026.
Hesai raised its full-year net profit guidance to RMB 350 million–450 million ($49 million–$63 million) after hitting its GAAP profit goal ahead of schedule.